We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Climbing the Mortgage Mountain step by step

1293032343562

Comments

  • savingholmes
    savingholmes Posts: 29,051 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I used it on my kitchen ceiling after kids flooded bathroom multiple times. It worked 
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.8K Net savings after CCs 13/9/25
    3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
    (If took bigger lump sum = 54.5K or 42.7%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise)
    (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £4.8K updated 13/9/25
  • I used it on my kitchen ceiling after kids flooded bathroom multiple times. It worked 
    Do you remember which brand you used?
    Mortgage (Nov 20- NOV 39)  originally £130,999 (Interest only) NOW £102,322 (approx 78% equity)
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000  Over payments 2022 £7,629/£9,000 (£1,371 short of target)
    Over payments 2023 £2,620/£9,000 (£6,380 short of target)  Over payments 2024 £5,406/£11,000
    Over payments 2025 £3,272/£5,600  (fix rate exp Dec 2025)
    Loan £12229
    Total Savings £4776
    Premium Bonds - £988
    YBS Xmas Regular Saver - £1350

  • savingholmes
    savingholmes Posts: 29,051 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I think it was the Poly one. 
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.8K Net savings after CCs 13/9/25
    3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
    (If took bigger lump sum = 54.5K or 42.7%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise)
    (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £4.8K updated 13/9/25
  • Hi All
    I think it was the Poly one. 
    Thanks @savingholmes, I'll make a mental note of that one.

    I went to Superdru6 and B00ts yesterday to get my eardrops and some more sun tan lotion and stumbled upon some bargains, L'0real Revitalift day cream for £1.30 and the filler serum for £1, I picked up a few of each, but left some for others.

    DH's birthday today, got him a couple of little bits to open, all practical things as that's what he likes, and will get a take away of his choice tonight, obviously our holiday is our real birthday treat.  Cases are almost packed and I am counting down my last 3.5 hours at work!!  Paperwork printed, currency and passports to hand, get me on that plane!  :)

    Happy New Year to you all and I'll catch up when I return.

    MvTMM
    Mortgage (Nov 20- NOV 39)  originally £130,999 (Interest only) NOW £102,322 (approx 78% equity)
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000  Over payments 2022 £7,629/£9,000 (£1,371 short of target)
    Over payments 2023 £2,620/£9,000 (£6,380 short of target)  Over payments 2024 £5,406/£11,000
    Over payments 2025 £3,272/£5,600  (fix rate exp Dec 2025)
    Loan £12229
    Total Savings £4776
    Premium Bonds - £988
    YBS Xmas Regular Saver - £1350

  • Jessy103
    Jessy103 Posts: 2,345 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Have a great holiday 🙂
    Mortgage Balance as of September 2025 £11,700
    Starting Mortgage Balance (June 2019) £72,000.
    Aiming to be mortgage free by my 40th birthday, June 2026!
  • savingholmes
    savingholmes Posts: 29,051 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Happy New Year! Enjoy your holiday.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.8K Net savings after CCs 13/9/25
    3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
    (If took bigger lump sum = 54.5K or 42.7%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise)
    (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £4.8K updated 13/9/25
  • Hi All

    Well I'm back after the most relaxing week away, we had the most fun, amazing meals and are already looking to rebook for this December/January and are planning possible retirement there in 10 years time.  It was lovely and hot during the day and warm at night, we had the doors to the Juliette balcony open all night. Back to reality now, I'm sat in the office in my thermals, wrapped in a scarf and a full on thunderstorm going on outside!!

    I popped to Superdru9 yesterday, needed a new toothbrush, got a C0lga@te L!ink one which B00ts sell for £20 for £2 and the packs of 2 replacement heads for 70p (£5 in B00ts) :astonished:  Sadly it was the last one or I would have got hubby one too.  These are metal handles with replaceable heads and I'm really pleased with it.

    DD has gone back to Uni now, we dropped her to the station on Sunday and have booked to go and visit her in a couple of weeks.  The house is very quiet and the dog looks very sad without DD around.

    MvTMM
    Mortgage (Nov 20- NOV 39)  originally £130,999 (Interest only) NOW £102,322 (approx 78% equity)
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000  Over payments 2022 £7,629/£9,000 (£1,371 short of target)
    Over payments 2023 £2,620/£9,000 (£6,380 short of target)  Over payments 2024 £5,406/£11,000
    Over payments 2025 £3,272/£5,600  (fix rate exp Dec 2025)
    Loan £12229
    Total Savings £4776
    Premium Bonds - £988
    YBS Xmas Regular Saver - £1350

  • Hi All

    Just a quick post.

    Got another bargain at Superdru9 yesterday, found 3 Tresemme dry shampoos for 50p each, plus I have £1  to use on my Beauty card so got all 3 for 50p!  I was nearly out of dry shampoo, not something I use regularly but always useful to have on hand.

    Been trying to use up stocks of food so made a large cottage pie on Monday that fed us for 2 night, bulked out the mince with loads of grated carrot and lentils.  Last night was salmon and prawn fishcakes with a sweet chilli middle, wanted something healthy with it so got some bags of steamed quinoa and beans from Icel@nd, they were really nice.

    Have a good evening

    MvTMM
    Mortgage (Nov 20- NOV 39)  originally £130,999 (Interest only) NOW £102,322 (approx 78% equity)
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000  Over payments 2022 £7,629/£9,000 (£1,371 short of target)
    Over payments 2023 £2,620/£9,000 (£6,380 short of target)  Over payments 2024 £5,406/£11,000
    Over payments 2025 £3,272/£5,600  (fix rate exp Dec 2025)
    Loan £12229
    Total Savings £4776
    Premium Bonds - £988
    YBS Xmas Regular Saver - £1350

  • savingholmes
    savingholmes Posts: 29,051 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Good to face up to the debt. Glad you are allowing yourself pocket money too. I think you should cut yourself some slack. It's been a big year for you. You are now getting back on track.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.8K Net savings after CCs 13/9/25
    3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
    (If took bigger lump sum = 54.5K or 42.7%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise)
    (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £4.8K updated 13/9/25
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.